The Kendall Jenner spot that sparked a controversy for Pepsi — prompting the company to pull the ad this week — was the focus of an incisive analysis by host Stephen Colbert on CBS’s “Late Show.”

CBS posted a clip featuring the bit, which you can watch below. The clip also includes Colbert’s material on Donald Trump and the Bill O’Reilly situation. To go right to the Pepsi ad breakdown, start around the 5:17 mark.